Kilimanjaro Advisors LLC

Item 5: Fees and Compensation

Investors in the Fund are generally charged an annual management fee (“Management Fee”)
based on the Funds’ net assets attributable to each Investor.

KA’s current Management Fee schedule is generally as follows:

Kilimanjaro Credit Fund, L.P                       1.5% annually

The Management Fee is payable monthly in advance by KCF. The Management Fee is deducted
from the Investors’ assets in the Fund. KA has the discretion to waive or reduce Management
Fees in certain cases.

Since 2012, Investors in the Fund are no longer charged an annual performance fee based upon
a percentage of the net capital appreciation of the Fund at the end of each fiscal year.

The Fund shall pay for its organizational and initial offering expenses as well as for its operating
expenses, including but not limited to, all accounting, auditing, tax preparation, legal,
administration, research, and trading costs. The Fund may incur brokerage and other
transaction costs. For further details on the Firm’s brokerage practices refer to Item 12 of this
Brochure.

Item 7: Types of Clients

KA’s client is the Fund. The Investors in the Fund must meet certain net worth requirements
and make representations concerning its sophistication as an investor and its ability to bear
the risk of loss of its entire investment.

Investors in the Fund may include high net worth individuals and a variety of institutional
investors (e.g. trusts, endowments, foundations, corporations and other types of entities,
including private fund-of-funds and other corporations or businesses) meeting the terms of
the exceptions and exemptions under which the Fund operates and wishing to invest in
accordance with the Fund’s investment objectives.

Kilimanjaro Credit Fund, L.P.

Investors seeking to invest in KCF must meet the requirements for an “accredited investor”
under the Securities Act of 1933, as amended (the “1933 Act”). KA may establish minimum
investment requirements for Investors in KCF. For investors in KCF, the minimum investment
amount is generally $1,000,000, subject to the discretion of KA to accept lesser amounts.